（於百慕達註冊成立的有限公司） （股份代號：00499） 供股所得款項用途的最新變動之補充公佈 茲提述青島控股國際有限公司（「本公司」，連同其附屬公司統稱「本集團」）於 2022年6月30日、2022年7月19日、2023年3月28日、2024年8月7日及2025年11月17日 刊發的公佈（「該等公佈」）以及本公司2024年年度報告（「2024年年報」）。除非本 公佈另有界定，本公佈所用詞彙具有該等公佈界定的相同涵義。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 QINGDAO HOLDINGS INTERNATIONAL LIMITED 青島控股國際有限公司* – 1 – 科技業務的初期重點領域包括(i)消費者電子產品；(ii)汽車電子產品；及(iii)人工智 慧相關產品。主要產品類別包括電子元件，尤其專注於被動元件（包括電感器及電 容器）、電力裝置及存儲芯片。 業務營運及收益來源 本公司將透過其全資附屬公司意柏發展有限公司（「意柏」）拓展科技 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 CBK Holdings Limited 漢諾佳池控股有限公司 （前 稱 為CBK Holdings Limited國 茂 控 股 有 限 公 司） （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：8428） 內幕消息 有 關 業 務 營 運 及 復 牌 進 度 的 季 度 更 新；及 繼續暫停買賣 本公告乃由漢諾佳池控股有限公司（「本公司」，連 同 其 附 屬 公 司，統 稱「本集團」） 董 事（「董 事」）會（「董事會」）根據香港聯合交易所有限公司（「聯交所」）GEM證券上 市規則（「GEM上市規則」）第17.10條及香港法例第571章證券及期貨條例第XIVA 部項下內幕消息條文（定 義 見GEM上 市 規 則）而 作 出。 茲 提 述 本 公 司 日 期 為 二 零 二 五 年 六 月 二 十 六 日、二 零 二 ...

Core Viewpoint - The long-term bullish logic for silver remains intact, but multiple short-term risks are emerging that could lead to a significant correction from year-end to early next year [1] Short-term Negative Factors - Five short-term bearish factors that may pressure silver prices are identified: 1. Year-end and early-year selling triggered by tax considerations 2. Short-term rebound risk of the US dollar 3. Increased margin requirements by exchanges suppressing leverage demand 4. Technical indicators entering overbought territory 5. Rising narratives of copper as a substitute for silver [1] Long-term Outlook - Despite the short-term headwinds, the long-term outlook for silver remains bullish due to the ongoing expansion of electricity demand in solar energy, data centers, and artificial intelligence [1] - Short-term corrections may provide a window for long-term investors to reposition [1]

Market Overview - The Hang Seng Index (HSI) has recently surged to around 26,000 points, with investors primarily using bull and bear certificates to navigate market volatility [1][2] - The concentration of bull certificates is around 25,100 to 25,200 points, with a total of approximately 1,600 contracts, indicating a bullish sentiment among investors [1] Investment Products - Investors are utilizing various products such as bull and bear certificates, with specific recommendations including bull certificate 64550 (redemption price at 25,800) and bear certificate 55898 (redemption price at 26,200) [2] - The market also offers call and put warrants, with notable options like call warrant 19861 (exercise price at 27,100, expiring February next year) and put warrant 21317 (exercise price at 25,670, expiring March next year) [2] Company Analysis: Alibaba (9988) - Alibaba reported a 72% year-on-year decline in quarterly profit, amounting to 10.4 billion RMB, which was slightly below market expectations, leading to downward pressure on its stock price [3] - The current stock price of Alibaba is around 155 RMB, with investors showing interest in call warrants ahead of earnings announcements [3][4] - Recommended products include call warrant 20577 (exercise price at 173.43, expiring April next year) and put warrant 20718 (exercise price at 142.78, expiring March next year) [4] Company Analysis: Meituan (3690) - Meituan's stock price has increased significantly, attributed to management's indication of potentially reducing aggressive pricing strategies due to substantial losses [5] - The stock price has rebounded nearly 6% to around 104 RMB, with investors optimistic about the future [5] - Suggested products include call warrant 20815 (exercise price at 123.79, expiring June next year) and put warrant 20135 (exercise price at 67.88, expiring March next year) [5] Company Analysis: Xiaomi (1810) - Xiaomi's stock price has risen following a significant investment from CEO Lei Jun, who purchased 100 million RMB worth of shares, indicating confidence in the company's future [6] - The stock price has rebounded to around 40 RMB, with investors considering it a potential bottom [6] - Recommended products include call warrant 22713 (exercise price at 62.05, expiring May next year) and put warrant 22168 (exercise price at 32.18, expiring June next year) [6] Company Analysis: Pop Mart (9992) - Pop Mart's stock has seen a recovery from a low of around 192 RMB to approximately 205 RMB, as investors believe the price adjustment has been sufficient [7] - Suggested products include call warrant 22285 (exercise price at 260.12, expiring April next year) and put warrant 20663 (exercise price at 199.9, expiring February next year) [7]

Group 1 - Jiangsu Hongxin's stock price increased by over 43%, reaching 4.80 HKD with a trading volume of 14.57 million HKD [1] - The company announced a placement of up to 21.42 million new shares, representing a 9.09% increase in post-expansion share capital, at a placement price of 2.90 HKD, which is a 13.95% discount to the closing price on November 11 [1] - The total fundraising amount is 62.13 million HKD, with a net amount of 58.65 million HKD intended for investment in Haike Hongxin [1] Group 2 - Haike Hongxin primarily engages in digital technology services, including artificial intelligence, smart robotics, software, and blockchain solutions development and application [1] - Its business scope also includes data processing, e-commerce, import and export, advertising, and related consulting and technical services [1] - The board believes that the placement will broaden the company's shareholder and capital base, and the net proceeds will strengthen the group's financial position for future development [1]

Core Viewpoint - Jiangsu Hongxin (02625) shares rose over 16%, reaching a price of HKD 3.93, with a trading volume of HKD 3.4448 million [1] Group 1: Share Placement - Jiangsu Hongxin announced a placement of up to 21.4246 million new shares, representing a 9.09% increase in the enlarged share capital [1] - The placement price is set at HKD 2.9, which reflects a discount of 13.95% compared to the closing price on November 11 [1] - The total amount raised from the placement is HKD 62.13 million, with a net amount of HKD 58.65 million intended for investment in Haike Hongxin [1] Group 2: Business Focus - Haike Hongxin primarily engages in digital technology services, including artificial intelligence, smart robotics, software, and blockchain solutions development and application [1] - Its business scope also includes data processing, e-commerce, import and export, advertising, and related consulting and technical services [1] Group 3: Financial Strategy - The board believes that the placement will broaden the company's shareholder and capital base [1] - The net proceeds from the placement will strengthen the group's financial position and prepare for future development [1]

Group 1 - The company Jiangsu Hongxin (02625.HK) has entered into a placement agreement to issue up to 21,424,691 new H shares at a price of HKD 2.90 per share, representing a discount of approximately 13.95% compared to the closing price of HKD 3.37 on the date of the agreement [1] - The placement shares will account for 10% of the company's existing share capital and approximately 9.09% of the enlarged share capital post-placement, assuming no changes in the issued share capital until the completion of the placement [1] - The estimated net proceeds from the placement, after deducting commissions and other expenses, are expected to be around HKD 58.65 million, equating to a net placement price of approximately HKD 2.737 per share [1] Group 2 - The net proceeds from the placement are intended to be fully invested in Haike Hongxin Digital Technology (Jiangsu) Co., Ltd., which focuses on digital technology services, including artificial intelligence, smart robotics, software, and blockchain solutions [2] - Haike Hongxin's business also encompasses data processing, e-commerce, import and export, advertising, and related consulting and technical services [2]

Robotics Industry Vision - The robotics industry envisions a future where humanoid robots can handle tasks currently performed by nannies, caregivers, and cleaners [1] - The industry anticipates that the mass production of humanoid robots could revolutionize factories, the service industry, and home life [1] - The industry speculates that humanoid robots could potentially eradicate poverty, provide superior medical technology, and even assist in crime prevention [1] Cost and Production - The robotics industry projects a target price of approximately $20,000 USD for a humanoid robot if annual production reaches 1 million units [1] - The industry forecasts a potential future production scale of 100 million units per year for humanoid robots [1] Potential Impact - The robotics industry suggests that even a 10% realization of the projected capabilities of humanoid robots could significantly transform the world [1]

Market Overview - The Hang Seng Index is expected to fluctuate around 26,000 points due to a hawkish stance from the Federal Reserve and ongoing uncertainties in the US-China trade relations [2] - The third quarter economic data from mainland China indicates further cooling, with a focus on expanding domestic demand and promoting technological self-reliance [2] Macro Focus - The Federal Reserve's direction for December rate cuts remains uncertain, with concerns about inflation among next year's voting members [4] - The Bank of England maintained its interest rate at 4%, with expectations for a potential rate cut in December [10] - Japan's major labor union is pushing for a 6% wage increase in the upcoming negotiations [10] Company News - Hua Hong Semiconductor (1347) reported a 43% decline in profit for the last quarter, but its fourth-quarter gross margin guidance exceeded expectations [11] - Uni-President China (0220) achieved a net profit of 2.01 billion RMB in the first three quarters, a year-on-year increase of 23.1% [11] - Da Jia Le (0341) anticipates a 65-70% drop in half-year profit due to a challenging market environment [11] - Great Wall Entertainment (1060) expects its mid-term net profit to exceed 500 million RMB, driven by strong performance in its Aliyu business [11] - Xiaomi (1810) has seen a 53% increase in short positions from institutional clients, indicating a bearish sentiment towards the stock [11] - Nissan (7201.JP) is selling its Yokohama headquarters for over $600 million as part of a 20-year leaseback agreement [11] - Xpeng Motors (2026) aims to achieve positive free cash flow by 2028, contingent on fleet expansion [11] - New World Development (0200) reported a 1.7 times increase in net income for the last quarter, attributed to improved performance in both gaming and non-gaming operations [11] Sector Insights - The insurance sector is benefiting from strong investment returns in the third quarter due to robust A-share performance [7] - AI concept stocks are gaining traction as mainland China accelerates the application of "Artificial Intelligence+" [7] - Coal stocks are expected to see upward price momentum for thermal coal [7]

Core Viewpoint - The company announced a non-binding memorandum of understanding with Hu Jian Yong to focus on developing advanced technologies in China, including IT services and artificial intelligence [1] Group 1: Partnership and Collaboration - The memorandum involves the establishment of a joint venture named Hu Zhong Zhi Suan Group Limited, aimed at leveraging resources and expertise in IT and AI services [1] - The parties intend to sign a formal joint venture agreement based on the terms of the memorandum and the actual development of the projects [1] Group 2: Business Expansion and Diversification - The board believes that the joint venture agreement will provide a framework for collaboration with Hu, facilitating the expansion of the company's construction business and promoting business diversification [1] - The terms of the joint venture agreement are based on normal commercial terms, deemed fair and reasonable, aligning with the overall interests of the company and its shareholders [1]